News
Agnitio secures € 5.5 million in second round of funding
March 2009 by Marc Jacob
Agnitio, Nauta Capital (Nauta) and Elaia Partners (Elaia) announced that Agnitio, a leading voice biometric company headquartered in Madrid, Spain, has completed a new capital increase of € 5.5 million. This second round of funding has been led by Elaia Partners and includes a significant participation of Nauta Capital, leader of the previous funding round of € 2.7 million in December 2007. Elaia’s participation in this funding round includes a co-investment of Neotec Capital Riesgo as a consequence of their recently announced partnership.
This second round of funding will allow Agnitio to further consolidate its leadership position in the voice biometric market by expediting its worldwide expansion plans. Agnitio’s vision is to accelerate growth in a rapidly expanding market. In addition, it reinforces Agnitio’s growth strategy in the medium and long term.
About Agnitio
Agnitio is a privately owned company with venture capital funding from Nauta Capital and Elaia Partners. It is the worldwide leader in voice biometrics for Homeland Security (HLS).
Agnitio’s portfolio of products addresses a wide range of HLS and corporate applications. The company’s technology was initially co-developed with some of the world’s most reputable police organisations and is currently deployed in over 22 countries. With its capability of performing text independent voice verification in any language and across different voice channels, Agnitio provides the most advanced voice biometric technology currently available for the government and corporate sectors.
Agnitio was selected as the market leader for the Speech Security Market at the SpeechTek Awards 2008, recently held in New York. Agnitio has also been selected as a winner of the Red Herring 100 2007 Global Award, given to the 100 most promising technological start-ups in the world.
About Elaia Partners
Elaia Partners is a French independent venture capital firm focused on digital technologies. It has over € 65 million under direct management and by delegation. The company works closely with the companies in its portfolio at all stages of development.
About Nauta Capital
Nauta Capital manages two Venture Capital entities, Nauta Tech Invest I, and Nauta Tech Invest II, with a total volume of € 65 million. Nauta has offices in Barcelona and Boston and invests between € 0.5 million and € 5 million in companies in the Technology and Telecommunications sectors. Nauta’s target companies for investment are in their very early stage of development (Seed Capital) and until more advanced stages of development (series A and series B financing rounds). Nauta actively invests in Western Europe and the US. Its current portfolio is composed of 14 companies, 4 of which are based in the US, 1 in the UK and 9 in Spain. Nauta Capital is managed by 6 General Partners: Xavier Rubió, Marcel Rafart, Jordi Viñas, Carles Ferrer, Daniel Sanchez and Dominic Endicott.
